-

Same Day ACH Growth Helps Lead ACH Network to Solid Third Quarter Results

original Nacha announces third quarter 2023 ACH Network results.

Nacha announces third quarter 2023 ACH Network results.

HERNDON, Va.--(BUSINESS WIRE)--Ongoing adoption of Same Day ACH and the continued increase in business-to-business (B2B) payments led the ACH Network to robust results in the third quarter of 2023.

There were 212 million Same Day ACH payments with a total value of $608 billion, increases of 20% and 27.1% respectively over the third quarter of 2022.

So far in 2023, the ACH Network has handled 597.6 million Same Day ACH payments valued at $1.78 trillion, respective increases of 16% and 42.4% compared to the first three quarters of last year.

“The ease and convenience of Same Day ACH has been embraced by the businesses and other organizations that use ACH,” said Jane Larimer, Nacha President and CEO. “The one million dollar limit and the three settlement times each business day make Same Day ACH a great choice for faster payments.”

B2B also continues to be a growth area for the ACH Network. B2B volume in the third quarter was 1.7 billion payments, up 9.6% from a year earlier.

Total third quarter volume on the ACH Network was 7.8 billion payments, up 3% from the same time last year and 4.6% per processing day. The value of those payments was $19.7 trillion.

Other major transaction types experiencing growth include claim payments to healthcare providers, up 5.8%, and Direct Deposit, up 2%.

“The ACH Network is, and will continue to be, the backbone of the nation’s payment system, from Direct Deposit of wages to Direct Payment of bills and so much more,” said Larimer.

About Nacha

Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 30 billion ACH Network payments made in 2022, valued at close to $77 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.

Contacts

Dan Roth
Nacha
571-579-0720
droth@nacha.org

Industry:

Nacha

Release Versions
English

Contacts

Dan Roth
Nacha
571-579-0720
droth@nacha.org

More News From Nacha

Nacha Announces Relish is a Nacha Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention

RESTON, Va.--(BUSINESS WIRE)--Nacha announced today that Relish has become a Nacha Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention. Relish validates the existence of bank accounts, their ownership and active status in real time, ensuring accurate payments. By confirming funds are directed to the correct, verified account at the point of origination, Relish directly reduces ACH return rates, prevents misdirected payments, and intercepts fraud schemes lik...

Trustmi Now a Nacha Preferred Partner for Risk and Fraud Prevention, Fraud Monitoring, and Account Validation

RESTON, Va.--(BUSINESS WIRE)--Nacha announced that Trustmi has become a Nacha Preferred Partner for Risk and Fraud Prevention, Fraud Monitoring, and Account Validation. Trustmi's behavioral artificial intelligence platform is built to help detect and stop ACH payments authorized under False Pretenses—including business email compromise, vendor impersonation, and payment redirection—before money moves. By analyzing historical payment data, vendor communications, invoice patterns, and banking det...

Same Day ACH Per Payment Limit to Increase to $10 Million

SAN DIEGO--(BUSINESS WIRE)--The Same Day ACH per payment limit will rise to $10 million under a Rule change approved by the Nacha membership, Nacha announced today at its Smarter Faster Payments 2026 conference. The increase takes effect Sept. 17, 2027, and will be the third increase in the history of Same Day ACH. The initial $25,000 maximum was raised to $100,000 in 2020, and then to $1 million in March 2022. Nacha anticipates the new $10 million cap will enhance Same Day ACH use cases for in...
Back to Newsroom